Chapter 167: Sadness 8848
Lin Feng was embarrassed, so he had no choice but to pick up the plan handed over by Wang Juntao, and looked at it in Wang Juntao's expectation.
In the first few pages, Lin Feng just had a perfunctory attitude, purely wanting to send Wang Juntao away. However, the more I look at it, the more I feel it, and I secretly admire Wang Juntao in my heart, and I am known as the first person in domestic e-commerce. According to Wang Juntao's plan, my8848 will be able to break even by the end of the year at the latest, and it will be profitable next year, and it will be listed within three years.
However, what makes people laugh and cry is that now my8848 account is only enough to pay Zuihou a month's salary, and there is no working capital at all, which makes Lin Feng unbelievable.
Wang Juntao's heart is worried, he doesn't know how many investors he has found for my8848 in the past six months, but none of them are willing to invest in my8848, if Lin Feng does not invest this time, this month's salary will be paid, and the company can be said to be going to go bankrupt.
"Mr. Wang, this" Lin Feng didn't know how to phrase it well, hoping not to hurt Wang Juntao's heart of saving my8848.
Lin Feng's expression Wang Juntao has seen it many times, and his heart is gloomy, knowing that the hope of the company's zuihou may also disappear, but he suddenly remembered Xiong Xiaoge's words when he left the Beijing headquarters of IDG China, and his eyes glowed with a glimmer of brilliance.
"Mr. Lin, I also know the current predicament of our company, which is why most investment funds are reluctant to invest. But IDG China President Xiong always said that if anyone can save my8848 now, it must be you. Wang Juntao looked at Lin Feng with hope.
Lin Feng was stunned, he didn't expect that Xiong Xiaoge was looking for this trouble today, and secretly scolded Xiong Xiaoge for not being kind enough, but seeing that Wang Juntao, who was once high-spirited and became the first person in China's e-commerce, would be so downtrodden and reduced to the point of begging others, Lin Feng sighed in his heart.
A penny stumps a hero. Not to mention that this is not a penny, but 6 million dollars.
Lin Feng calculated in his heart that to save today's my8848, he would have to invest at least 6 million US dollars, which is not a big number, not only Lin Feng can take it out, but also IDG and many other venture capital funds. Under the leadership of Wang Juntao, as long as my8845 has this $6 million injection, it will definitely be able to make a comeback.
However, the problem with my8848 is not the business philosophy, but the chaotic equity struggle.
my8848 was originally separated from 8848, and Wang Juntao, who was tossed because of the equity struggle of 8848, was in pain, and had no choice but to take B2C, E-shop, user community and other enterprises to separate from its personal e-commerce business and change its name to my8848. But to Wang Juntao's surprise, a multi-party equity agreement at the time of separation made the originally vibrant my8848 fall into the quagmire again.
According to the agreement, Wanquan Investment Consulting Company, the largest shareholder of my8848, should inject 8.8 million US dollars, but after injecting more than 2 million US dollars, it will not inject capital, which makes the booming my8848 suffer a fatal blow. No matter how Wang Juntao lobbied, Wanquan Investment Consulting Company just refused to inject any more capital.
Wang Juntao, who was unwilling to let the brand he founded collapse, looked for investors everywhere, but Wanquan Investment Consulting Company could accept financing, but it refused to back down on the share distribution ratio, which is commonly known as occupying the pit and not, in this case, how can there be venture capital funds willing to do it.
Wang Juntao also approached Wanquan Investment Consulting Company several times, but the other party's attitude was that he would not inject capital, and second, he would not accept financing from other companies, and financing would also work, but Wanquan Investment Consulting Company still had to account for the majority of the shares.
Eventually, things evolved to the point where only one month's salary was left in the company's account.
Lin Feng knew what Xiong Xiaoge meant by his words, that is, he first acquired Wanquan Investment Consulting Company, and then injected my8848. This is definitely the stupidest and least effective solution, but it is the only one that can be tried today. However, Lin Feng was depressed, why did he wade into this muddy water.
Wang Juntao was speechless when he saw Lin Feng, knowing that Lin Feng would not inject capital, his heart was gloomy, and he knew that my8848, which he had worked so hard to create, would not be able to escape the fate of going out of business. Thinking of this, he felt a sense of kin, and drank the blue margaret in front of him in one gulp.
"Lin Dong, excuse me. Wang Juntao got up and was ready to do his part for his company.
Wang Juntao's face was haggard, which made Lin Feng sigh again, and suddenly had an idea in his heart. This Wang Juntao is definitely a talent, just from this business case, although his grasp of China's future e-commerce can not be said to be unique, but it is definitely a leader in the e-commerce industry.
"Mr. Wang, I have a proposal, I don't know what you think?" Lin Feng grabbed Wang Juntao.
"Lin Dong, please speak!" When Wang Juntao heard this, it seemed that there was still a turning point, so he quickly sat down.
"Mr. Wang, you also know that my 'Dingdang' is also doing e-commerce, why don't you help me, I will hire you as a special consultant of Dingdang.com, and give you 5% of the shares of Dingdang.com. Lin Feng's words made Wang Juntao's heart skip a beat.
"Dingdang" is now unlimited in China, surpassing the previous big brother Yiqu to become the leader of e-commerce, with a daily turnover of nearly 100 million yuan, so that all the elites of e-commerce, such as Wang Juntao and others are envious. Now Lin Feng hired himself as a special consultant of Dingdang.com, and also gave himself 5% of Dingdang.com's shares, which is definitely a very generous treatment.
Of course, Wang Juntao was impressed, and he agreed almost immediately. But thinking of the my8848 he founded, Wang Juntao was sad again, although he knew that my8848 was difficult to return, but he was unwilling to give up.
"Mr. Wang, not only do I invite you to join Dingdang, but also your team, I sincerely invite them to join Dingdang. Lin Feng saw Wang Juntao's hesitation and continued to throw the bait.
It is not unreasonable for Lin Feng to value Wang Juntao and his team so much, and to give them shares. Wang Juntao's concept and understanding of e-commerce are far superior to others in China. It's just that the luck is too bad, not only did not catch up with the listing before the bursting of the Nasdaq Internet bubble stock, but also met an investor who didn't know what to smoke. But all this cannot negate Wang Juntao's status and vision in the field of e-commerce.
Today's Dingdang network is vibrant, business is thriving, but the profit value is very low, and with the expansion of the field involved, coupled with the shortage of talents, the company has faintly shown signs of chaos, although Liu Yingying is trying her best to maintain, but after all, there is a shortage of experience, which can not be learned in college and books.
On the contrary, Wang Juntao has experienced so many ups and downs in the business world, and with his qualifications, it is more than enough to serve as a special adviser. Of course, Lin Feng also has a fancy to my8848's team, which has been working hard with Wang Juntao, and is also a rare talent in the e-commerce industry.
Moreover, Lin Feng is about to develop the MP3 market and the mobile phone market, and a large number of talents are scarce, and Wang Juntao naturally can't let it go. Hiring him as a special consultant of Dingdang.com is also to search for talents in advance for his soon-to-be-established Lin's Technology Co., Ltd.
However, to Lin Feng's disappointment, Wang Juntao still declined Lin Feng's kindness after a while of hesitation.
"Mr. Wang, I really can't do anything about your company. But the door on my side will always be open for you, and today's promise will always be valid. Lin Feng knew that my8848 would go out of business sooner or later, and Wang Juntao would inevitably be poached by other companies, so he made a promise to him in advance.
"Lin Dong, xiexie. If there really is such a day, I will definitely come to Lin Dong. Wang Juntao got up unusually heavy, and he didn't dare to say anything to death. The group of brothers who have worked hard with him for many years, he can't just ignore them.
"Goodbye!" the two high-fived.
Soon after Wang Juntao left, he suddenly called.
"Lin Dong, although I can't help you for the time being, I recommend one to you. Wang Juntao said in a firm tone.
"Listen up. Lin Feng knew that Wang Juntao's recommendation was so cautious, and this person must be extraordinary.
"Lin Dong, I don't know if you have heard of Tan Zhi?" Wang Juntao said.
Tan Zhi!--Lin Feng was taken aback.